Admin

M Styles (TC2599)

Employers who took part in the real-time information (RTI) pilot will be sent their 2012/13 return of Class 1A National Insurance contributions forms P11D(b) and payslips in early July, rather than the usual April.

The delay means some trialist firms may not receive the documents in time to complete and return them by the filing deadline of 6 July 2013 – but HMRC will not levy late-filing penalties provided the department receives the 2012/13 form P11D(b) no later than 19 July 2013.

New online tool should be approached with caution, says tax barrister

Looking forward to the next few years of online filing with iXBRL

Heirtrace Ltd (TC2607)

Anti-money laundering compliance officers are set to phone firms registered with HMRC under the Money Laundering Regulations (MLR) 2007, to check if information held by the taxman is up to date.

The Revenue is permitted to the data under MLR regulation 37. Each officer will confirm his or her identity, ask for security information, and then seek details of business activities and customers, and answer questions.

The calls will help HMRC decide whether or not a visit is needed and give businesses the opportunity to clarify issues, said the department.

British overseas territories with significant financial centres have signed up to the government’s strategy to create global tax transparency.

Employers still expected to meet May deadline

A client’s 2011 self-assessment tax return was completed on the basis that a student loan had been repaid in full. This was incorrect, although the loan has since been repaid. HMRC are demanding full payment and a 15% penalty

An invitation to improve parliament’s understanding of tax, in light of the latest report on avoidance

Bale Group Ltd (TC2568)

Paul & Annette Galbraith t/a Galbraith Ceramics (TC2639)